Which is better: Paystack or Voguepay

[spokentwice]

@seyitaylor

…so I throw a challenge to our new gen payment processors - make a service that allows us to manage recurring payments on a ton of services we use every month. For example, why shouldn’t I stick a card into the service and subscribe for MTN Hynet, DSTV, air time, even Supermart or Gloo and remove my face.

This is a good nut to crack, but not sure this is only a problem for payment guys alone.

In one part fintec can solve this by building automation between payment gateways and such services (like IFTTT or Zapier approach)

In another sense, it requires multiple collaborations, even as this post indicates…

@hugo_obi

For example, pre-paid electricity meters can communicate account balance if they have a SIM card. Subscribers can then be notified of a low balance and authorize payment so that power is not interrupted. This leads to a contiguous subscriber experience and a more stable power sector with revenues that can now have a more meaningful effect on GDP."

I am aware that NITEC event is holding next week with discussions on IoT And the minister of communication might be in attendance. Let’s hope someone takes the bull by the horn, including the government because sometimes these things require regulation.

HINT: Ghana is doing fantastically well regulating mobile payment, and people will now be earning interest on mobile money savings. CBN, NIBBS and co should learn from Ghana in order to regulate this sector